The Coca-Cola Company (NYSE: KO) stock has had a rough go of it in 2020 and 2021 so far. The shares are down 10% for the year and over 16% in the last 12 months and have spent most of the new year consolidating around $48. Yet analysts are holding the line, with eight of 15 in coverage maintaining "strong-buy" ratings, with zero "sells" on the books. The analyst set up for KO will be an interesting scene to check in on next week.

That's because the Coca-Cola Company is scheduled to release its fourth quarter earnings a week from today on Wednesday, February 10, before market opens.

Over the past year Coca-Cola beat analysts' earnings expectations on three of its last four quarters reported. However, that resulted in post-earnings pops --no pun intended  -- of only 3.2%, 2.3%, and 1.4%, respectively. In the last eight quarters, KO has averaged a muted post-earnings move of 3.4%, regardless of direction.

With a market cap of $210 billion and over 50 consecutive years of dividend payments, Coca-Cola is undoubtedly one of the safest dividend stocks in the market. Although the KO doesn’t offer the highest yielding dividend, its 3.35% dividend is a very good return for the level of security the company offers. KO currently sports a forward dividend of $1.64.

Even with earnings coming up, now seems like the right time to weigh in on KO with options. The security's Schaeffer's Volatility Index (SVI) of 27% sits in the low 19thpercentile of all other annual readings, meaning the stock sports attractively priced premiums at the moment.